New Delhi: India&rsquo;s state-owned shipbuilding entity, Hindustan Shipyard Limited (HSL), is reaching out to countries in Southeast Asia, especially Vietnam, amid the Indian government&rsquo;s push to establish the country as a major defence products exporter and manufacturing centre. Negotiations are underway with the Vietnam People&rsquo;s Navy (VPN) for submarine refits. Other than Vietnam, the shipyard is looking to explore opportunities in the Philippines. HSL, which is among India&rsquo;s largest shipyards, is headquartered in Visakhapatnam and has attracted international business by repairing foreign vessels.
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For example, in 2021, they docked and repaired a US pipe-laying vessel with a gross tonnage of 17,000T, something that highlights the state-owned entity&rsquo;s capacity to handle large foreign vessels and also contributes to their revenue through foreign exchange earnings. The state-owned company, which has been a strategic builder, has had a rich history of developing platforms for the Indian Navy, which includes building naval ships and repairing submarines. In fact, one of the first ships built indigenously for the Indian Navy was by this company. In 2020, it delivered advanced state-of-the-art platforms like the Ocean Surveillance Ship (OSS), &lsquo;INS Dhruv', which is India&rsquo;s first nuclear missile-tracking vessel, for the Indian Navy.
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In 2022, HSL launched two Diving Support Vessels (DSVs)&mdash;Nistar and Nipun&mdash;designed for deep-sea diving and submarine rescue. Built with 80% indigenous material, it aligns HSL&rsquo;s efforts with the Indian government&rsquo;s &lsquo;Aatmanirbhar Bharat&rsquo; initiative. Both vessels underwent successful sea trials in May 2024, completing rigorous tests without significant defects.
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The company has also signed a contract with the Defence Ministry for a project involving the five Fleet Support Ships (FSS) worth Rs 19000 crore. The first ship is slated for delivery in mid-2027, with the subsequent ships following at intervals of 10 to 12 months, aiming for all ships to be delivered by 2031-32.
The country&rsquo;s oldest shipyard has steadily made its way to a robust shipbuilder while reporting its highest-ever turnover and profit in its history during the last financial year. In 2024, the shipyard recorded its highest-ever turnover of ₹1,413 crore, with a profit of ₹119 crore.
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Hemant Khatri (Retd), Chairman and Managing Director (CMD) has led the company since 2020, and the key achievements include delivering the Ocean Surveillance Ship (OSS) and INS Sindhuvir after completing its timely delivery, the launch of two DSVs, and completing 17 ship repairs in a single year (2022). Under strategic vision 2025-2034, the company plans to increase production targets, diversification, and technological innovations, which include the integration of artificial intelligence (AI) and robotics.

India News | Business & Economy: The country’s oldest shipyard has steadily made its way to a robust shipbuilder while reporting its highest-ever turnover and profit in the last financial year. 

New Delhi: India’s state-owned shipbuilding entity, Hindustan Shipyard Limited (HSL), is reaching out to countries in Southeast Asia, especially Vietnam, amid the Indian government’s push to establish the country as a major defence products exporter and manufacturing centre. Negotiations are underway with the Vietnam People’s Navy (VPN) for submarine refits. Other than Vietnam, the shipyard is looking to explore opportunities in the Philippines. HSL, which is among India’s largest shipyards, is headquartered in Visakhapatnam and has attracted international business by repairing foreign vessels. Also Read | Canine heroes: How dogs are protecting world's vineyards from threats For example, in 2021, they docked and repaired a US pipe-laying vessel with a gross tonnage of 17,000T, something that highlights the state-owned entity’s capacity to handle large foreign vessels and also contributes to their revenue through foreign exchange earnings. The state-owned company, which has been a strategic builder, has had a rich history of developing platforms for the Indian Navy, which includes building naval ships and repairing submarines. In fact, one of the first ships built indigenously for the Indian Navy was by this company. In 2020, it delivered advanced state-of-the-art platforms like the Ocean Surveillance Ship (OSS), ‘INS Dhruv', which is India’s first nuclear missile-tracking vessel, for the Indian Navy. Also Read | Joe Biden awards Presidential Medal of Freedom to Pope Francis In 2022, HSL launched two Diving Support Vessels (DSVs)—Nistar and Nipun—designed for deep-sea diving and submarine rescue. Built with 80% indigenous material, it aligns HSL’s efforts with the Indian government’s ‘Aatmanirbhar Bharat’ initiative. Both vessels underwent successful sea trials in May 2024, completing rigorous tests without significant defects. Also Read | South Korea's Yoon to skip first impeachment trial hearing, lawyer confirms The company has also signed a contract with the Defence Ministry for a project involving the five Fleet Support Ships (FSS) worth Rs 19000 crore. The first ship is slated for delivery in mid-2027, with the subsequent ships following at intervals of 10 to 12 months, aiming for all ships to be delivered by 2031-32. The country’s oldest shipyard has steadily made its way to a robust shipbuilder while reporting its highest-ever turnover and profit in its history during the last financial year. In 2024, the shipyard recorded its highest-ever turnover of ₹1,413 crore, with a profit of ₹119 crore. Also Read | Nepal lights 125K lamps to mark first anniversary of Ayodhya’s Ram Temple Hemant Khatri (Retd), Chairman and Managing Director (CMD) has led the company since 2020, and the key achievements include delivering the Ocean Surveillance Ship (OSS) and INS Sindhuvir after completing its timely delivery, the launch of two DSVs, and completing 17 ship repairs in a single year (2022). Under strategic vision 2025-2034, the company plans to increase production targets, diversification, and technological innovations, which include the integration of artificial intelligence (AI) and robotics.

India’s state-owned HSL in talks with Vietnam for submarine refits

The defence ministry on Friday sealed a Rs 19,000 crore deal with Hindustan Shipyard Ltd (HSL) for acquisition of five fleet support ships for the Indian Navy.

The ships of 44,000 tons category will be the first of its kind to be built in India by an Indian shipyard, officials said.

The ministry said the project would be a major boost towards achieving the goal of self-reliance in defence manufacturing as the ships will be indigenously designed and constructed by HSL, Visakhapatnam.

“The Ministry of Defence on August 25 signed a contract with HSL, Visakhapatnam for acquisition of five fleet support ships (FSS) for the Indian Navy at an overall cost of approximately Rs 19,000 crore,” it said.

The Cabinet Committee on Security had approved the acquisition of the ships in its meeting on August 16.

The fleet support ships will be deployed for replenishing ships at sea with fuel, water, ammunition and stores, enabling the Indian Naval fleet to operate for prolonged periods without returning to harbour.

“These ships would enhance the strategic reach and mobility of the fleet. The induction of these ships will significantly enhance the blue water capability of the Indian Navy,” the ministry said in a statement.

The ships can also be deployed for evacuation of people and human assistance and disaster relief operations.

“This project will generate employment of nearly 168.8 lakh mandays over a period of eight years,” the ministry said.&nbsp;

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The defence ministry on Friday sealed a Rs 19,000 crore deal with Hindustan Shipyard Ltd (HSL) for acquisition of five fleet support ships for the Indian Navy. The ships of 44,000 tons category will be the first of its kind to be built in India by an Indian shipyard, officials said.

The defence ministry on Friday sealed a Rs 19,000 crore deal with Hindustan Shipyard Ltd (HSL) for acquisition of five fleet support ships for the Indian Navy. The ships of 44,000 tons category will be the first of its kind to be built in India by an Indian shipyard, officials said. The ministry said the project would be a major boost towards achieving the goal of self-reliance in defence manufacturing as the ships will be indigenously designed and constructed by HSL, Visakhapatnam. “The Ministry of Defence on August 25 signed a contract with HSL, Visakhapatnam for acquisition of five fleet support ships (FSS) for the Indian Navy at an overall cost of approximately Rs 19,000 crore,” it said. The Cabinet Committee on Security had approved the acquisition of the ships in its meeting on August 16. The fleet support ships will be deployed for replenishing ships at sea with fuel, water, ammunition and stores, enabling the Indian Naval fleet to operate for prolonged periods without returning to harbour. “These ships would enhance the strategic reach and mobility of the fleet. The induction of these ships will significantly enhance the blue water capability of the Indian Navy,” the ministry said in a statement. The ships can also be deployed for evacuation of people and human assistance and disaster relief operations. “This project will generate employment of nearly 168.8 lakh mandays over a period of eight years,” the ministry said. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

India: Defence ministry inks USD 2.3 billion contract with HSL for 5 ships

At least 11 people lost their lives at the Hindustan Shipyard Limited premises in Visakhapatnam on Saturday when a huge rail-mounted crane collapsed during a trial run, reports said quoting a top district official.

Four of the victims were employees of HSL while the rest belonged to a contracting agency, District Collector Vinay Chand told reporters.

It is said it is the first such mishap at Hindustan Shipyard.

The mishap occurred when the victims were engaged in erecting the crane, Police Commissioner RK Meena told.

Three of the bodies were recovered and identified, police said. The rescue operations were on. TV visuals showed the giant 75-tonne crane falling on the ground with a loud thud.

Chief Minister YS Jaganmohan Reddy has directed Visakhapatnam District Collector and City Police Commissioner to take immediate action in the incident.

At least 11 people lost their lives at the Hindustan Shipyard Limited premises in Visakhapatnam on Saturday when a huge rail-mounted crane collapsed during a trial run, reports said quoting a top district official.

At least 11 people lost their lives at the Hindustan Shipyard Limited premises in Visakhapatnam on Saturday when a huge rail-mounted crane collapsed during a trial run, reports said quoting a top district official. Four of the victims were employees of HSL while the rest belonged to a contracting agency, District Collector Vinay Chand told reporters. It is said it is the first such mishap at Hindustan Shipyard. The mishap occurred when the victims were engaged in erecting the crane, Police Commissioner RK Meena told. Three of the bodies were recovered and identified, police said. The rescue operations were on. TV visuals showed the giant 75-tonne crane falling on the ground with a loud thud. Chief Minister YS Jaganmohan Reddy has directed Visakhapatnam District Collector and City Police Commissioner to take immediate action in the incident.

Crane collapse at Hindustan Shipyard in Andhra Pradesh leaves 11 dead